Thursday, October 9, 2014

CVS - Barchart's Chart of the Day

CVS Corp (CVS) is the Barchart Chart of the Day,  The retail drug store chain has a Trend Spotter buy signal, a Weighted Alpha of 33.79+ and gained 41.20% in the last year.

The Chart of the Day belongs to CVS Corp (CVS).  I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts.  The Trend Spotter signaled a new buy on 10/3 and the stock is up .76%.

CVS Health Corporation is a pharmacy innovation company. Its offerings include pharmacy benefit management services, mail order, retail and specialty pharmacy, disease management programs, and retail clinics. The Company serves employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans, and individuals under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, RxAmerica, Accordant, SilverScript, and Novologix names.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 1.35% in the last month
  • Relative Strength Index 58.75%
  • Barchart computes a technical support level at 81.08
  • Recently traded at 81.95 with a 50 day moving average of 79.79
Fundamental factors:
  • Market Cap $95.82 billion
  • P/E 18.58
  • Dividend yield 1.36%
  • Revenue expected to grow 8.20% this year and another 4.80% next year
  • Earnings estimated to increase 12.20% this year, an additional 12.70% next year and continue to increase 14.22% a year for the next 5 years
  • Wall Street analysts issued 10 strong buys, 11 buys and 5 hold recommendations on this stock.
The company seems to have a solid business plan and executing it properly.  Still watch the 50 and 100 day moving averages for caution and exit points.

Keurig Green Mountain - Barchart's Chart of the Day

Keurig Green Mountain (GMCR) is the Barchart Chart of the Day.  The beverage company has a Trend Spotter buy signal, a Weighted Alpha of 90.80+ and gained 107.82% in the last year.

The Chart of the Day belongs to Keurig Green Mountain (GMCR).  I found the stock by sorting the All Time High List for the best technical buy signals then used the Flipchart feature to find a chart I liked.  Since the Trend Spotter signaled another buy on 10/7 the stock gained 2.45%.

GMCR engages in the beverage business. It sells high-quality premium coffee and innovative coffee brewing systems. The Company provides Keurig single-cup brewing systems which includes Keurig single-cup brewer, K-Cup portion packs used by the system, as well as related accessories. Keurig also offers traditional whole bean and ground coffee in other package types including bags, fractional packages and cans. The Company also produces and sells other specialty beverages in portion packs including hot apple cider, hot and iced teas, iced coffees, iced fruit brews, hot cocoa and other dairy-based beverages.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 12.49% in the last month
  • Relative Strength Index 70.72%
  • Barchart computes a technical support level at 141.57%
  • Recently traded at 143.17 with a 50 day moving average of 127.85
Fundamental factors:
  • Market Cap $23.30 billion
  • P/E 35.65
  • Dividend yield .72%
  • Revenue expected to grow 7.20% this year and another 15.10% next year
  • Earnings estimated to increase 12.10% this year, 8.20% next year and continue to increase at an annual rate of 16.25% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 2 buy, 8 hold and a sell recommendation on the stock
II don't know how but this stock keep climbing.  Watch you 50 and 100 day moving averages and be disciplined in your exit.

Wednesday, October 8, 2014

Costco - Barchart's Chart of the Day

Costco Wholesales (COST) is the Barchart Chart of the Day,  The membership warehouse stock has a Trend Spotter buy signal, a Weighted Alpha of 14.26+ and gained 14.74% in the last year.

The Chart of the Day belongs to Costco Wholesale (COST).  I found the stock by sorting the All Time High list for the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/8 the stock gained 7.97%.

COST operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.



Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.


Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20 50 and 100 day moving averages
  • 9 new highs and up 1.70% in the last month
  • Relative Strength Index 64.86%
  • Barchart computes a technical support level at 124.20
  • Recently traded at 128.68 with a 50 day moving average of 122.91
Fundamental factors:
  • Market Cap $ 56.61 billion
  • P/E 28.17
  • Dividend yield 1.13%
  • Revenue expected to grow 7.00% this year and another 7.90% next year
  • Earnings estimated to increase 2.40% this year, an additional 11.70% next year and continue to increase at an annual rate of 10.04% for the next 5 years
  • Wall Street analysts issued 11 strong buy, 8 buy, 9 hold and 1 under perform recommendation on the stock.
Good solid core holding.  Use the 50 day moving average to gauge weakness and exit at the 100 day moving average.

AIR TRANSPORT SERVICES GROUP - SELL SIGNALS

Today I deleted Air Transport Services Group (ATSG) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:

  • 88% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 23.62% off its recent high
  • Relative Strength Index 35.87%



Cyberoptics - Sell Signals

Today I deleted Cyberoptics (CYBE) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:

  • 32% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 23.29% off its recent high
  • Relative Strength Index 30.30%

Nippon Telegraph and Telephone Sell Signals

Today I deleted Nippon Telegraph and Telephone (NTT) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 80% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 14.03% off its recent high
  • Relative Strength Index 22.91%

Any Bright Spots in Small Caps?

Small Caps have been under performing the overall market lately.  The S&P 600 Small Cap Index is down 11.17% from its previous high on July 1.  The Weighted Alpha of the Index is -3.87 and the Relative Strength Index is only 29.36%.  Are there any bright spots here?

I used Barchart to sort the stock in the Index first for the highest technical buy signals, then I used the Flipchart feature to find the charts I liked.  Today's list includes Vicor Corp (VICR), Caseys General Stores (CASY), Treehouse Foods (THS), ICU Medical (ICUI) and DTS Inc (DTSI):

Vicor Corp (VICR)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 19.05% in the last month
  • Relative Strength Index 64.06%
  • Barchart computes a technical support level at 72.69
  • Recently traded at 74.54 with a 50 day moving average of 70.23


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 5.63% in the last month
  • Relative Strength Index 69.81%
  • Barchart computes a technical support level at 72.69
  • Recently traded at 74.54 with a 50 day moving average of 70.23


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 2.06% in the last month
  • Relative Strength Index 63.05%
  • Barchart computes a technical support level at 82.42
  • Recently traded at 83.40 with  50 day moving average of 79.97
ICU Medical (ICUI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.52% in the last month
  • Relative Strength Index 61.58%
  • Barchart computes a technical support level at 64.16
  • Recently traded at 65.80 with a 50 day moving average of 62.14
DTS Inc (DTSI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 8.91% in the last month
  • Relative Strength Index 66.07%
  • Barchart computes a technical support level at 25.01
  • Recently traded at 25.94 with a 50 day moving average of 22.79










BARCHART MORNING CALL 10/8

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 +0.25%) this morning are up +0.12% as prices recover slightly from Tuesday's slide, while European stocks are down -0.32% at a 1-1/2 month low on global economic concerns after the IMF yesterday cut its global GDP forecast. The markets await today's minutes of the Sep 16-17 FOMC meeting to gauge the timing of any Fed interest rate increase. Asian stocks closed mostly lower: Japan -1.19%, Hong Kong -0.68%, China +1.12%, Taiwan -0.95%, Australia -0.81%, Singapore -0.53%, South Korea -0.63%, India -0.10%. China reopened after a week-long holiday and the Shanghai Stock Index climbed to a 1-1/2 year high as property developers rallied after the PBOC eased real-estate curbs last week and said it will allow a broader range of home buyers access to lower down payments and mortgage rates. This action marks a reversal of a 4-year tightening campaign by the PBOC as China tries to spur a pickup in the housing market in an attempt to boost economic growth. Commodity prices are mixed. Nov crude oil (CLX14 -0.78%) is down -1.04% at a 17-1/2 month low on concerns over weak demand and excess supplies after the IMF cut its global 2015 GDP forecast and the API reported a +5.1 million bbl surge in crude inventories yesterday. Nov gasoline (RBX14 -1.43%) is down -1.69% at a 3-3/4 year low. Dec gold (GCZ14 +0.39%) is up +0.44%. Dec copper (HGZ14 -0.18%) is down -0.21%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.11%) is up +0.05%. EUR/USD (^EURUSD) is down -0.03%. USD/JPY (^USDJPY) is up +0.24%. Dec T-note prices (ZNZ14 unch) are up +1 tick at a 1-3/4 month high on carry-over support from a rally in German bunds as the 10-year German bund yield fell to a 5-week low of 0.884%.
Japan Sep eco watchers survey current was unch at 47.4, weaker than expectations of +1.1 to 48.5. The Sep eco watchers survey outlook fell -1.7 to 48.7, the lowest in 6 months.
Japan Sep bankruptcies rose +0.85% y/y, the first increase in 5 months.
The UK Sep Halifax house prices rose +0.6%, a faster pace of increase than expectations of +0.2% m/m. On an annual basis, Sep Halifax house prices rose +9.6% y/y, right on expectations.
U.S. STOCK PREVIEW
The Treasury today will sell $21 billion of 10-year T-notes. The Treasury will then conclude this week’s $61 billion coupon package by selling $13 billion of 30-year T-bonds on Thursday. There are four of the Russell 1000 companies that report earnings today: Alcoa (consensus $0.22), Costco (1.52), RPM International (0.78), Monsanto (-0.24). Equity conferences during the remainder of this week include: 2014 IIF Annual Membership Meeting on Fri.
OVERNIGHT U.S. STOCK MOVERS
Costco Wholesale (COST -0.74%) reported Q4 EPS of $1.58, better than consensus of $1.52.
McKesson (MCK -1.51%) was initiated with a 'Buy' at Citigroup with a price target of $235.
RPM (RPM -2.37%) reported Q1 EPS of 73 cents, weaker than consensus of 79 cents.
EOG Resources (EOG -1.56%) was upgraded to 'Outperform' from 'Neutral' at Macquarie.
Juniper (JNPR -1.71%) was downgraded to 'Neutral' from 'Buy' at MKM Partners.
National Oilwell Varco (NOV +0.20%) was downgraded to 'Neutral' from 'Overweight' at HSBC.
Ryland Group (RYL -1.33%) was downgraded to 'Underweight' from 'Hold' at KeyBanc.
Bloomberg reports that Symantec (SYMC -1.36%) is in advanced talks to split the company in two.
TheStreet (TST +1.38%) jumped 5% in after-hours trading after it announced it signed a definitive agreement to acquire Management Diagnostics for $21 million.
Allergan (AGN +1.68%) rose over 2% and Valeant (VRX -2.48%) climbed nearly 4% in after-hours trading after Dow Jones reported that Valeant is planning to boost its bid for Allergan.
Walter Energy (WLT -7.18%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley.
Yum! Brands (YUM -2.31%) reported Q3 EPS ex-items of 87 cents, weaker than consensus of 89 cents and said its Q3 China same-store-sales plunged -14%.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 +0.25%) this morning are up +2.25 points (+0.12%). The S&P 500 index on Tuesday closed sharply lower: S&P 500 -1.51%, Dow Jones -1.60%, Nasdaq -1.44%. Bearish factors included (1) carry-over weakness from a slide in European stocks on European economic concerns after German Aug industrial production fell -4.0% m/m, a larger drop than expectations of -1.5% m/m and the biggest monthly decline in 5-1/2 years, (2) global growth concerns after the IMF cut its 2015 global GDP forecast to +3.8% from a July forecast of +4.0%, citing the risks of geopolitical tensions and a financial-market correction as stocks reach “frothy” levels.
Dec 10-year T-notes (ZNZ14 unch)this morning are up +1 tick at a new 1-3/4 month high. Dec 10-year T-note futures prices on Tuesday rose to a 1-3/4 month high and closed higher. Supportive factors for T-notes included (1) carry-over support from a rally in European government bonds after European and U.S. stocks fell when German Aug industrial production fell by the most in 5-1/2 years, and (2) global economic concerns after the IMF lowered its global 2015 GDP forecast to +3.8% from July’s +4.0% estimate. Closes: TYZ4 +19.00, FVZ4 +9.00.
The dollar index (DXY00 +0.11%) this morning is up +0.042 (+0.05%). EUR/USD (^EURUSD) is down -0.0004 (-0.03%) and USD/JPY (^USDJPY) is up +0.26 (+0.24%). The dollar index on Tuesday closed lower. A bearish factor for the dollar was strength in the yen as USD/JPY pushed up to a 2-1/2 week high after the BOJ refrained from additional easing measures following Tuesday’s 2-day policy meeting. Bullish factors for the dollar included weakness in EUR/USD after German Aug industrial production fell more than expected and by the most in 5-1/2 years and (2) the IMF’s hike in its U.S. 2014 GDP forecast to +2.2% from July estimate of +1.7%. Closes: Dollar index -0.256 (-0.30%), EUR/USD +0.00139 (+0.11%), USD/JPY -0.753 (-0.69%).
Nov WTI crude oil (CLX14 -0.78%) this morning is down -92 cents a barrel (-1.04%) at a 17-1/2 month low and Nov gasoline (RBX14 -1.43%) is down -0.0401 (-1.69%) at a 3-3/4 year low. Nov crude and Nov gasoline prices on Tuesday closed lower with Nov gasoline at a 3-3/4 year low: CLX4 -1.49 (-1.65%), RBXX4 -0.0684 (-2.83%). Bearish factors included (1) the larger-than-expected drop in German Aug industrial production by the most in 5-1/2 years,, (2) the IMF’s cut in its 2015 global GDP forecast to +3.8% from July’s estimate of +4.0%, and (3) expectations for Wednesday’s weekly EIA crude inventories to climb +2.0 million bbl.
GLOBAL EVENT CALENDAR10/08/2014
US0700 ETWeekly MBA mortgage applications, previous -0.2% with purchase sub-index unch and refi sub-index -0.3%.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $21 billion 10-year T-notes.
1400 ETMinutes of the Sep 16-17 FOMC meeting.
n/aG-20 finance ministers and central bank governors hold a 3-day meeting in Washington D.C.
JPN0030 ETJapan Sep bankruptcies, Aug -11.23% y/y.
0100 ETJapan Sep eco watchers survey current expected +1.1 to 48.5, Aug 47.4. Sep eco watchers survey outlook, Aug 50.4.
0100 ETBOJ monthly economic report for Oct.
1950 ETJapan Aug machine orders expected +0.5% m/m and -4.9% y/y, Jul +3.5% m/m and +1.1% y/y.
UK0430 ETBOE credit conditions survey.
1901 ETUK Sep RICS house price balance expected 36%, Aug 40%.
U.S. STOCK CALENDAR10/08/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Costco Wholesale CorpCOST US3:01Q4 2014 Earnings ReleaseQ4 20141.523
RPM International IncRPM USBef-mktQ1 2015 Earnings ReleaseQ1 20150.783
Monsanto CoMON USBef-mktQ4 2014 Earnings ReleaseQ4 2014-0.241
Alcoa IncAA USAft-mktQ3 2014 Earnings ReleaseQ3 20140.224

Tuesday, October 7, 2014

Chimerix - Barchart's Chart of the Day

Chimerix (CMRX) is the Barchart Chart of the Day.  The medical preparations stock has a Trend Spotter buy signal, a Weighted Alpha of 86.50+ and gained 51.67% in the last year.

The Chart of the Day belongs to Chimerix (CMRX).  I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 9/9 the stock gained 16.43%.

Chimerix, Inc. engages in the discovery, development and commercialization of oral antiviral therapeutics for various medical needs. The Company is developing various product candidates for the treatment of dsDNA viruses, HIV, hepatitis C, influenza and smallpox which are under different phases of clinical development. It is also screening our proprietary Chimerix Chemical Library for compounds with activity against dengue virus, malaria and tuberculosis.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 42.31% in the last month
  • Relative Strength Index 71.67%
  • Barchart computes a technical support level at 30.32
  • Recently traded at 33.23 with a 50 day moving average of 26.02
Fundamental factors:
  • Market Cap $1.14 billion
  • Revenue expected to be down 42.10% this year but up again by 394.50% next year
  • Earnings estimated to increase 54.00% this year and another 2.40% next year
  • Wall Street analysts issued 3 strong buy and 4 buy recommendations on the stock
Watch the 50 and 100 day moving averages very closely.


5 Mid Caps Bucking the Trend

As I write this post the S&P 400 Mid Cap Index is in a downward trend with 88.95% of the stocks trading below their 20 day moving averages.  The Index is 6.87% off its previous high and trending lower.

There are 5 stocks that are swimming against the tide.  I found them using Barchart to sort the Index first for the best technical buy signals, then I used the Fipchart feature to find 5 charts I like.  Today's list includes: Panera Bread (PNRA), HSN Inc (HSNI), Hanesbrands (HBI), Brinker International (EAT) and Mallincrkrodt PLC (MNK):

Panera Bread (PNRA)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.40% in the last month
  • Relative Strength Index 62.22%
  • Barchart computes a technical support level at 161.57
  • Recently traded at 164.08 with a 50 day moving average of 153.82
HSN Inc (HSNI)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 576% in the last month
  • Relative Strength Index 62.59%
  • Barchart computes a technical support level at 61.34%
  • Recently traded at 62.34 with a 50 day moving average of 59.82


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 1.55% in the last month
  • Relative Strength Index 61.85%
  • Barchart computes a technical support level at 109.72
  • Recently traded at 110.37 with a 50 day moving average of 103.80


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 490% in the last month
  • Relative Strength Index 62.62%
  • Barchart computes a technical support level at 52.29
  • Recently traded at 52.54 with a 50 day moving average of 48.98


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.17% in the last month
  • Relative Strength Index 70.22%
  • Barchart computes a technical support level at 91.78
  • Recently traded at 92.00 with a 50 day moving average of 80.24











BARCHART MORNING CALL 10/7

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ14 -0.38%) this morning are down -0.40% and European stocks are down -1.12% on German economic concerns after German Aug industrial production fell more than expected by the most in 5-1/2 years. European airlines and travel companies are also lower on concern over the spread of the Ebola virus after a Spanish nurse was confirmed to have become infected with the virus, the first person to contract Ebola in Europe. Asian stocks closed mixed: Japan -0.67%, Hong Kong +0.46%, China, closed for holiday, Taiwan -0.60%, Australia -0.16%, Singapore -0.28%, South Korea +0.30%, India -1.11%. Japanese stocks fell after the BOJ refrained from additional easing measures following its 2-day policy meeting and said that "some weakness particularly on the production side has been observed." Hong Kong's Hang Seng Index rose for a second day as tensions eased in the city as formal talks between protesters and Hong Kong officials began. Commodity prices are mixed. Nov crude oil (CLX14 -0.10%) is down -0.27%. Nov gasoline (RBX14 -0.56%) is down -0.65%. Dec gold (GCZ14 -0.07%) is down -0.13%. Dec copper (HGZ14 -0.35%) is down -0.31%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.10%) is up +0.14%. EUR/USD (^EURUSD) is down -0.52%. USD/JPY (^USDJPY) is down -0.10%. Dec T-note prices (ZNZ14 +0.09%) are up +4 ticks.
German Aug industrial production fell -4.0% m/m, a larger drop than expectations of -1.5% m/m and the biggest monthly decline in 5-1/2 years. On an annual basis. Aug industrial production fell -2.8% y/y, a faster pace of decline than expectations of -0.5% y/y.
Kansas City Fed President George said that "inflation looks to be relatively tame" though "my colleagues and I must remain vigilant on the front," and that divergent central bank policies could have the effect of keeping longer-term interest rates lower.
UK Aug industrial production was unch m/m and rose +2.5% y/y, slightly less than expectations of unch m/m and +2.6% y/y.
UK Aug manufacturing production rose +0.1% m/m and +3.9% y/y, better than expectations of +0.1% m/m and +3.4% y/y.
U.S. STOCK PREVIEW
The market is expecting today’s Aug U.S. consumer credit report to show another big increase of +$20.0 billion. The Treasury today will sell $27 billion of 3-year T-notes. There is one of the Russell 1000 companies that report earnings today: Yum Brands (consensus $0.83). Equity conferences this week include: Predictive Analytics World Conference - Boston on Mon-Tue, RBC International Oil & Gas Conference on Tue, CEATEC Japan 2014 on Tue, Economic Club of Canada: Reasserting Canada's Competitiveness in the Digital Ec on Tue, and 2014 IIF Annual Membership Meeting on Fri.
OVERNIGHT U.S. STOCK MOVERS
Deere (DE +0.83%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill Lynch.
U.S. Bancorp (USB -0.31%) was downgraded to 'Market Perform' from 'Strong Buy' at Raymond James.
Hibbett Sports (HIBB +0.60%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
Dick's Sporting Goods (DKS -1.64%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
MGM Resorts (MGM +0.23%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank with a price target of $30.
Las Vegas Sands (LVS +0.69%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Dunkin' Brands (DNKN +1.06%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Keurig Green Mountain (GMCR +0.17%) was initiated with a 'Buy' at Goldman Sachs with a prce targey of $166.
Amazon.com (AMZN -0.17%) slid 1% in pre-market trading after the European Union said it is investigating whether the company unfairly shifted profits to Luxembourg to lower its taxes.
Zillow (Z -2.48%) fell nearly 2% in pre-market trading after the biggest U.S. website for real estate agents and prospective home buyers said it had 82.81 million unique users in September, down from 86.29 million in August and 88.84 million in July.
Adobe (ADBE -1.07%) said it expects fiscal 2015 adjusted EPS of approximately $2.00, below consensus of $2.07.
Gabelli reported a 8.95% stake in Annie's (BNNY unch) .
MARKET COMMENTS
Dec E-mini S&Ps (ESZ14 -0.38%) this morning are down -7.75 points (-0.40%). The S&P 500 index on Monday erased an early rally and closed lower: S&P 500 -0.16%, Dow Jones -0.10%, Nasdaq -0.27%. Bearish factors included (1) European economic concerns after German Aug factory orders plunged -5.7% m/m, weaker than expectations of -2.5% m/m and the largest monthly decline in 5-1/2 years, and (2) a slide in small-cap stocks which dragged the overall market lower. Losses were contained on expectations that S&P 500 Q3 stock earnings results that begin this week will show a decent increase.
Dec 10-year T-notes (ZNZ14 +0.09%) this morning are up +4 ticks. Dec 10-year T-note futures prices on Monday closed higher. Supportive factors for T-notes included (1) carry-over support from a rally in European government bonds after German Aug factory orders plunged by the most in 5-1/2 years, and (2) increased safe-haven demand for T-notes after stocks turned lower. T-note prices were undercut by supply pressures as the Treasury auctions $61 billion of T-notes and T-bonds this week starting with Tuesday’s $27 billion auction of 3-year T-notes. Closes: TYZ4 +8.50, FVZ4 +8.25.
The dollar index (DXY00 +0.10%) this morning is up +0.118 (+0.14%). EUR/USD (^EURUSD) is down -0.0066 (-0.52%) and USD/JPY (^USDJPY) is down -0.11 (-0.10%). The dollar index on Monday closed lower. Negative factors included (1) reduced expectations for a near-term Fed rate hike after Goldman Sachs said that U.S. labor-market slack and weak wage growth will keep the Fed from raising interest rates until Q3-2015, and (2) strength in the yen as USD/JPY fell back on expectations that the BOJ on Tuesday will refrain from additional stimulus measures. Negatives for EUR/USD included (1) the -5.7% m/m decline in German Aug factory orders, the most in 5-1/2 years, and (2) the larger-than-expected decline in Eurozone Oct Sentix investor confidence to the lowest in 17 months. Closes: Dollar index -0.766 (-0.88%), EUR/USD +0.01394 (+1.11%), USD/JPY -1.004 (-0.91%).
Nov WTI crude oil (CLX14 -0.10%) this morning is down -24 cents (-0.27%) and Nov gasoline (RBX14 -0.56%) is down -0.0156 (-0.65%). Nov crude and Nov gasoline prices on Monday closed higher: CLX4 +0.60 (+0.67%), RBXX4 +0.0360 (+1.51%). Supportive factors included (1) a weak dollar, and (2) gasoline supply concerns after the 298,800 bpd Irving Oil refinery in St. John, New Brunswick that provides gasoline supplies to the U.S. Northeast said it will need another 50-55 days of unscheduled maintenance for repairs. Bearish factors included (1) demand concerns after German Aug factory orders plunged by the most in 5-1/2 years, and (2) concern that Saudi Arabia’s cut in its official selling price to a 6-year low may start a price war within OPEC.
GLOBAL EVENT CALENDAR10/07/2014
US1000 ETAug JOLTS job openings expected 4.700 million, Jul 4.673 million.
1300 ETTreasury auctions $27 billion 3-year T-notes.
1430 ETMinneapolis Fed President Narayana Kocherlakota delivers a speech titled Clarifying the Objectives of Monetary Policy at an event in Rapid City, South Dakota.
1500 ETNew York Fed President William Dudley speaks on the regional and national economy at an event in New York.
1500 ETAug consumer credit expected +$20.0 billion, Jul +$26.006 billion.
JPN0100 ETJapan Aug leading index CI expected -1.4 to 104.0, Jul 105.4. Aug coincident index expected -1.3 to 108.6, Jul 109.9.
n/aBOJ announces interest rate decision.
GER0200 ETGerman Aug industrial production expected -1.5% m/m and -0.5% y/y, Jul +1.9% m/m and +2.5% y/y.
UK0430 ETUK Aug industrial production expected unch m/m and +2.6% y/y, Jul +0.5% m/m and +1.7% y/y.
0430 ETUK Aug manufacturing production expected +0.1% m/m and +3.4% y/y, Jul +0.3% m/m and +2.2% y/y.
1901 ETUK Sep BRC shop price index, Aug -1.6% y/y.
U.S. STOCK CALENDAR10/07/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Accenture PLCACN US8:30Investor Analyst ConferenceY 2014
Forest City Enterprises IncFCE/A US13:30Investor DayY 2014
Splunk IncSPLK US14:15Investor and Analyst MeetingY 2014
Yum! Brands IncYUM USAft-mktQ3 2014 Earnings ReleaseQ3 20140.83
Pinnacle West Capital CorpPNW USInvestor Meeting - Day 2Y 2014

Monday, October 6, 2014

Crown Castle - Barchart's Chart of the Day

Crown Castle International (CCI) is the Barchart Chart of the Day.  The communications infrastructure stock has a Trend Spotter buy signal, a Weighted Alpha of 15.20+ and gained 14.99% in the last year.

The Chart of the Day belongs to Crown Castle International (CCI).  I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/18 the stock gained 1.33%.

CCI is a leading owner and operator of towers and transmission networks for wireless communications and broadcast transmission companies. The company owns, leases or operates towers in the United States, Puerto Rico, and the United Kingdom. The company's customers currently include many of the world's major wireless communications and broadcast companies, including Bell Atlantic Mobile,BellSouth, AT&T Wireless, Nextel, Metricom and the British BroadcastingCorporation.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up .76% in the last month
  • Relative Strength Index 61.67%
  • Barchart computes a technical support level at 80.64
  • Recently traded at 81.25 with a 50 day moving average of 78.53
Fundamental factors:
  • Market Cap $27.12 billion
  • P/E 110.27
  • Dividend yield 1.74%
  • Revenue expected to grow 19.60% this year and another 4.20% next year
  • Earnings estimated to increase by 265.40% this year, an additional 57.90% next year and continue to increase at an annual rate of 7950% for the next 5 years
  • Wall Street analysts issued 5 strong buys, 6 buys and 8 hold recommendations on the stock
The stock's momentum is very erratic. Closely watch the 50 and 100 day moving averages.